Reference Dependence and Loss Aversion. To understand this decision-making dynamic, it is best to begin where it was originally studied years ago, by Kahneman and Tversky (1979).

Policy Space in Historical Perspective with Special Reference to Trade and Industrial Policies. Special Articles. Vol. 41, Issue No. 07, 18 Feb, 2006. Ha-Joon Chang. Long-range historical records ...

The point of reference included in the question (e.g. being given 1,000 or 2,000), as well as whether the individual was gaining or losing something from that point of reference, had an impact on ...